27+ Years Reputable Significant Net Income Dry Cleaners Laundry Plant
Business Description
Located in Southwestern Westchester County along the Hudson River. Two locations owned and operated by the seller on the same street for Organic Dry Cleaning, Laundry, Wash & Fold, Tailoring, Shoe Repair Restoration, Leather, Suede and Rug Cleaning and Plant.
Location #1 Laundry & Organic Dry Cleaners
Monday-Friday 9-7pm, Saturday 9-6pm
Reputable in business 27+ years with long term, loyal customers. Downtown next to bus stop and many residential developments. Across the street from an investment grade (A+ by S&P, F1+ & AA- by Fitch, Aa2 by Moody's) branded gas station with great Route 9 intersection frontage, sign visibility, foot and 16k + car traffic per day!
Yearly gross sales around $870k. 1,400 square feet, five year lease with a five year renewal option, $4k monthly rent not including utilities.
Locations #2 Rug, Organic Cleaners & Plant
Monday-Saturday 8-5 pm
Several blocks to metro north train station! Seller owns and occupies this 1,900 sq ft single tenant building with a backyard however the building is not included in the sale. New 10 year lease with option to renew for 10 more years. $6k monthly rent not including utilities. Seller willing to finance 10% of sales price.
Yearly gross sales around $150k
Combined locations total yearly gross income around $1,020,000
Combined locations total yearly expenses around $730k.
Combined total yearly net income around $290k @ 39% cap!
Combined package asking price $750k
For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail. com or Paul Jung Ho Choe at 646-436-0977, jungh49@gmail. com. Real estate agents at Hanmi Realty.
Location #1 Laundry & Organic Dry Cleaners
Monday-Friday 9-7pm, Saturday 9-6pm
Reputable in business 27+ years with long term, loyal customers. Downtown next to bus stop and many residential developments. Across the street from an investment grade (A+ by S&P, F1+ & AA- by Fitch, Aa2 by Moody's) branded gas station with great Route 9 intersection frontage, sign visibility, foot and 16k + car traffic per day!
Yearly gross sales around $870k. 1,400 square feet, five year lease with a five year renewal option, $4k monthly rent not including utilities.
Locations #2 Rug, Organic Cleaners & Plant
Monday-Saturday 8-5 pm
Several blocks to metro north train station! Seller owns and occupies this 1,900 sq ft single tenant building with a backyard however the building is not included in the sale. New 10 year lease with option to renew for 10 more years. $6k monthly rent not including utilities. Seller willing to finance 10% of sales price.
Yearly gross sales around $150k
Combined locations total yearly gross income around $1,020,000
Combined locations total yearly expenses around $730k.
Combined total yearly net income around $290k @ 39% cap!
Combined package asking price $750k
For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail. com or Paul Jung Ho Choe at 646-436-0977, jungh49@gmail. com. Real estate agents at Hanmi Realty.
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,300
- Rent
- $10,000.00 per month
Listing Info
- ID
- 2501611
- Listing Views
Listing ID: 2501611 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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